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Earning Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earning per share | 18. EARNINGS PER SHARE The following table sets forth the composition of earnings per share:
|  | Year Ended December 31, |
(In Thousands, except share and per share data) |  | 2023 |  |  | 2022 |
Net income |  | $ | (11,968 | ) |  | $ | 5,598 |
Basic weighted average common shares outstanding |  |  | 17,753,914 |  |  |  | 11,310,386 |
Net effect of dilutive stock options and warrants |  |  | — |  |  |  | — |
Net effect of dilutive restricted stock awards |  |  | — |  |  |  | — |
Diluted weighted average common shares outstanding |  |  | 17,753,914 |  |  |  | 11,310,386 |
Net income per common share: |  |  |  |  |  |
Basic |  | $ | (0.67 | ) |  | $ | 0.49 |
Diluted |  | $ | (0.67 | ) |  | $ | 0.49 |
The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the years ended December 31, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Stock Options |  |  | — |  |  |  | — |
Warrants |  |  | — |  |  |  | — |
Restricted Stock Awards |  |  | — |  |  |  | — |
Total dilutive securities |  |  | — |  |  |  | - |
The following is a summary of securities that could potentially dilute basic earnings per share in future periods that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented.
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Stock Options |  |  | — |  |  |  | 195,700 |
Warrants |  |  | 1,537,484 |  |  |  | 1,537,484 |
Restricted Stock Awards |  |  | 5,304 |  |  |  | — |
Total anti-dilutive securities |  |  | 1,542,788 |  |  |  | 1,733,184 |

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